18
Jul
15:12
Iron ore surges while Vale launches new product
Seaborne iron ore prices surged on Tuesday, helped along by news that Rio Tinto was cutting its shipment guidance for 2017. Vale, meanwhile, launched its new play for value, offering the first cargo of a high-grade, low-contaminant product.
The Kallanish index for 62% Fe Australian fines gained $2.34/t to $67.86/dry metric tonne cfr Qingdao. 80,000t of Fortescue Blend and 80,000t of FMG’s Super Special fines traded on COREX with a laycan in 8-17 Augus…
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Anonymous
Very good overview of the weekly steel market.
Anonymous